INDIANS ARE FIRMLY hooked on to their mobile phones. From buying vegetables to studying online, from watching videos and making reels to filling up job applications, they use it for almost everything. It shows in the data.
An average Indian cell phone user consumes more than 19 gigabytes (GB) of data per month, the highest in the world. Nearly 80% of the country’s population owns a mobile phone, which works out to a whopping 1.13 billion handsets. And data consumption is expected to jump manifold because of the increased adoption of data-intensive technologies like artificial intelligence (AI) and machine learning that require a lot of computational power.
With all that data flowing around, India Inc. is rushing to build the conduits to help this new oil reach the farthest corners of the country. It is investing heavily in data centres to make the most of this opportunity. Global real estate services and investment firm CBRE believes that the value of India’s data centre market will soar from $4.35 billion in 2021 to a projected $10.09 billion by 2027.
That has forced established players in this space like CtrlS Datacenters and Yotta to increase their capacity to fend off challengers big and small, from conglomerates like the Adani Group and Reliance Industries to relatively smaller entrants like Anant Raj Limited.
The government, too, is working actively to put India at the forefront of this development. It has been promoting data centres and localised data storage by classifying them as essential infrastructure, like roads and energy, also keeping in mind the emerging geopolitical situation. The government’s ₹10,000-crore AI initiative will be instrumental in creating a network of high-performance data centres available for lease to industry stakeholders, enabling them to train and develop AI models effectively.
Esta historia es de la edición November 10, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición November 10, 2024 de Business Today India.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.